Director at MP Materials (MP) receives 3,038 RSU equity award
Rhea-AI Filing Summary
MYERS RICHARD B reported acquisition or exercise transactions in this Form 4 filing.
MP Materials Corp. director Richard B. Myers received a grant of 3,038 restricted stock units (RSUs), each representing one share of common stock. This award increases his directly held RSUs to 3,038.
The RSUs vest on the earlier of June 15, 2027 or the company’s next annual stockholder meeting, subject to his continued board service. Once vested, the units are generally settled in shares on the earlier of June 15 following the fifth anniversary of vesting, a qualifying change in control event, or his separation from service, and they fully vest upon a change in control or termination of service due to death or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MYERS RICHARD B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,038 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,038 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of MP Materials Corp. ("Issuer") common stock. These RSUs vest on the earlier of: (i) June 15, 2027; and (ii) the next annual meeting of the Issuer's stockholders, subject to the reporting person's continued service through the applicable vesting date, and settled upon the earlier to occur of (x) June 15th following the fifth anniversary of the vesting date; (y) a "change in control event" within the meaning of Section 409A of the Internal Revenue Code; and (z) the date of the director's separation from service. These RSUs fully vest upon a change in control of the Issuer or the director's termination of service due to death or disability.
Key Figures
RSUs granted: 3,038 units
RSUs held after grant: 3,038 units
Underlying common stock: 3,038 shares
+1 more
4 metrics
RSUs granted
3,038 units
Restricted stock units awarded to director on June 9, 2026
RSUs held after grant
3,038 units
Total restricted stock units directly held following transaction
Underlying common stock
3,038 shares
Common stock underlying the RSU award
Vesting date
June 15, 2027
Vests on this date or earlier at next annual stockholder meeting
Key Terms
Restricted Stock Units, RSU, Section 409A, change in control event, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Section 409A financial
""change in control event" within the meaning of Section 409A of the Internal Revenue Code"
change in control event financial
"a "change in control event" within the meaning of Section 409A of the Internal Revenue Code"
separation from service financial
"the date of the director's separation from service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MP (MP) director Richard B. Myers report in this Form 4?
Director Richard B. Myers reported receiving 3,038 restricted stock units from MP Materials. Each RSU represents one share of common stock, increasing his directly held RSUs to 3,038. The grant is compensation-related rather than an open-market stock purchase or sale.
How many restricted stock units were granted to the MP (MP) director?
Richard B. Myers was granted 3,038 restricted stock units by MP Materials. Each unit corresponds to one share of common stock, so the award represents rights to 3,038 shares, subject to future vesting and settlement conditions described in the filing’s footnote.
When do the newly granted MP (MP) RSUs vest for the director?
The RSUs vest on the earlier of June 15, 2027 or MP Materials’ next annual stockholder meeting. Vesting also depends on Myers’ continued service as a director through the applicable vesting date, according to the terms summarized in the Form 4 footnote.
Do the MP (MP) RSUs fully vest upon a change in control or certain events?
Yes. The RSUs fully vest if there is a change in control of MP Materials or if the director’s service ends due to death or disability. This protection accelerates vesting in significant corporate events or specified personal circumstances.
Is this MP (MP) Form 4 transaction an open-market stock purchase or sale?
No. The Form 4 shows a grant of restricted stock units as compensation, coded as an acquisition (A). There was no open-market buying or selling; rather, Myers received equity-based awards directly from MP Materials.